EX-12 3 dex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS Statements regarding computation of ratios

EXHIBIT 12

Weyerhaeuser Company and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

For the thirty-nine week periods ended September 30, 2007 and September 24, 2006

(Dollar amounts in millions)

 

     THIRTY-NINE WEEKS ENDED  
     SEPTEMBER 30,
2007		     SEPTEMBER 24,
2006		  

Available earnings:

     

Earnings from continuing operations before interest expense, amortization of debt expense and income taxes

    $ 568     $ 1,313  

Add: interest portion of rental expense

      44       42  

Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries

      (27 )     (44 )
                

Available earnings

    $ 585     $ 1,311  
                

Fixed charges:

     

Interest expense incurred:

     

Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries

      435       374  

Weyerhaeuser Real Estate Company and other related subsidiaries

      47       50  
                

Subtotal

      482       424  

Less: intercompany interest

      (3 )     (9 )
                

Total interest expense incurred

      479       415  

Amortization of debt expense

      6       8  

Interest portion of rental expense

      44       43  
                

Total fixed charges

    $ 529     $ 466  
                

Ratio of earnings to fixed charges

      1.11       2.81  
                

Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and Other Related Subsidiaries

Accounted for on the Equity Method, but Excluding the Undistributed Earnings of Those Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

For the thirty-nine week periods ended September 30, 2007 and September 24, 2006

(Dollar amounts in millions)

 

     THIRTY-NINE WEEKS ENDED  
     SEPTEMBER 30,
2007		     SEPTEMBER 24,
2006		  

Available earnings:

     

Earnings from continuing operations before interest expense, amortization of debt expense and income taxes

    $ 538     $ 1,279  

Add: interest portion of rental expense

      37       37  

Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries

      3       (6 )

Deduct: undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries

      (182 )     (430 )
                

Available earnings

    $ 396     $ 880  
                

Fixed charges:

     

Interest expense incurred

      435       374  

Amortization of debt expense

      6       8  

Interest portion of rental expense

      37       37  
                

Total fixed charges

    $ 478     $ 419  
                

Ratio of earnings to fixed charges

      —         2.10  
                

Coverage deficiency

    $ (82 )   $ —